foreign direct investment (FDI) received Mexico in the first half of 2023 amounted to 29.041 million dollars (about 26.448 million euros), announced on Wednesday Ministry of Economy of the Government of Mexico.
The amount received was 6% higher than the total recorded in the first six months of 2022, when an inflow of $27,512 million was recorded.
However, the Mexican agency explained that this investment flow is “41% higher, excluding emergency amounts due to the merger (of companies).” Televisa-Univision and company restructuring Aeromexico.
Preliminary data from the Ministry of Economy show that, excluding these transactions, FDI in Mexico amounted to $20.636 million between January and June 2022, of almost $6.875 million.
FDI in the first half came from 2,189 Mexican companies with foreign capital and 2,631 contracts for trusts.
78% of these foreign investments, equivalent to $22,609 million, were part of profit reinvestment by companies already established in Mexico.
At the same time, only 7% came from new investments in the country, and the remaining 15% – from loans and payments between companies of the same corporate group.
“These results reflect investor confidence in maintaining, expanding and accommodating new investments in the country,” SE said in a statement.
The dependency of the Mexican government indicated that “the conditions have been created for an excellent business environment” which solidifies Mexico “as the best place to invest in America.”
During those first six months of 2023, the United States established itself as Mexico’s main trading partner, leading the way in capital flowing into the country, and then Spain, Germany, Argentina, Japan, Netherlands, Canada, UK, Switzerland and France.
Similarly, the Ministry of Economy reported that 79% of the FDI received during this period was placed in 10 Mexican entities, with Mexico City being the city with the most investment, accounting for 35% of the total investment, equivalent to $10,225 million.
Behind him stood New Lion, north of the country, with $2,795 million, 10% of the total; followed by states Baja California ($1.463 million) Jalisco ($1.390 million) and State of Mexico (1 330 million dollars), which amounted to 5% of the total amount, respectively.
By sector, SE clarified that 57% of FDI received in the first six months of the year was in line with production Mexico, with a net worth of about $16,500 million, is followed by Financial servicesfrom 27%, accommodation temporary, from 5% and mining, from 3%.
In turn, in the manufacturing subsectors of Mexico, investments were allocated in transport equipment, metallurgy, the production of beverages and tobacco products, the chemical, food industries, the production of electrical appliances and computer equipment.
(EFE)
Source: Aristegui Noticias
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
